Canada Goose Holdings Inc (NYSE:GOOS, TSX:GOOS) shares surged almost 30% after the luxury outerwear brand impressed investors with its fiscal fourth quarter earnings.
Revenue for the March quarter increased 7.4% year-over-year to C$384.6 million, above Wall Street estimates of C$355 million.
Direct-to-consumer (DTC) revenue grew 15.7% to C$314.1 million, driven by comparable sales growth and new store openings, although wholesale revenue declined 23.2% due to lower orders in Europe, the Middle East, and Africa.
Earnings per share were C$0.33, significantly higher than the C$0.23 expected by analysts and up from C$0.19 in the year-ago period.
For fiscal 2025, revenue was up 1.1% to C$1.35 billion, and EPS grew to C$1.12 compared to C$0.99 for the previous year.
“Our strong Q4 results show the kind of impact Canada Goose can make when our brand connects and our strategy hits the mark,” Canada Goose CEO Dani Reiss said in a statement.
“We saw solid DTC comparable sales growth, fuelled by compelling storytelling, sharp retail execution, and the continued momentum around our Snow Goose capsule.”
The retailer declined to provide a financial outlook for fiscal 2026, citing “ongoing macroeconomic uncertainty and dynamic consumer spending patterns brought on by the unpredictable global trade environment.”
US-listed shares of Canada Goose had added 28.7% at about $11.50 on Wednesday morning, echoing its Canadian share price movement in Toronto.